The local, Arab and international financial markets continued their declines, affected by the outbreak of the Corona virus.
And the Dubai Financial Market closed yesterday, down by 6.1% at the level of 1843 points, with transactions totaling 351 million dirhams.
The session witnessed a decline in most of the traded shares, as the shares of 28 companies closed down from the 34 companies that were traded, while the shares of two companies rose, and four companies remained stable.
Deyaar shares closed 6.1% lower at 0.2 dirhams, with trading exceeding 30 million shares, while Dubai Islamic shares fell 8.5% at 4.09 dirhams, and trading exceeded 25 million shares. Emaar Properties shares also fell by 9.8% at 2.21 dirhams, with trading close to 24 million shares.
On the Abu Dhabi Securities Market, the general index of the market closed down by 7.83% at the level of 3548 points, with transactions totaling 277 million dirhams.
Shares of Ishraq Real Estate decreased by 9.7% at 0.2 dirhams, and in turnovers close to 13 million shares, while Abu Dhabi’s first share declined by 10% at 9.45 dirhams, and trades approached eight million shares.
In addition, Gulf and global financial markets are still under pressure from declining demand for oil and lower prices, as well as an outbreak of the "Corona" epidemic in new countries, with increasing numbers of injuries and deaths. The Saudi stock market index, President Tasi, ended yesterday's session, down 5.2%, to lose 327 points and close at a level to 5959 points, with transactions valued at 5.4 billion riyals.
The Egyptian Stock Exchange continued its losses, as the main index fell by 8.2% under 10 thousand points during yesterday's session, to the level of 9314 points, which the index has not reached since the float.
In the same context, the index "Standard & Poor's 500" fell 8% at the opening yesterday, which led to an automatic suspension of trading 15 minutes.
European stocks also tumbled with the growing Corona virus epidemic in most of Europe, while monetary easing measures for global central banks failed to reassure investors about the escalation of economic damage.